Welp, it's been a good one...massive layoffs

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I mean really, how long did you think your company could continue to lose $200 million each Quarter? The only thing Invitae has accomplished, is a race to the bottom on testing pricing which by the way has lead to your demise. Thanks for nothing
 






Great a flood of reps has entered the job pool! Companies are excited to lower the comp and get us all cheap! Recruiters already shoving jobs that aren’t a fit down throat because they assume I’m desperate! Good luck out there!
 












anonymous said:
Praying for all the talented people who are out of a job. Hoping for recovery. This company does right by its people and ethics. It’s a very sad time.
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They may have done right by their employees, but they did wrong for the industry by giving away testing at a below cost price, now they are paying the piper. Think about, Invitae has been around for several years, but no "buyers", why? because bigger labs saw no value in their business model.
 






anonymous said:
They may have done right by their employees, but they did wrong for the industry by giving away testing at a below cost price, now they are paying the piper. Think about, Invitae has been around for several years, but no "buyers", why? because bigger labs saw no value in their business model.
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This person doesn’t have the slightest clue. Speculation from competing labs as to “why” is so far off. Idiots.
 






at the end of the day, you gave away testing at below cost of goods, and hired way to many people. It's simple math, thanks for ruining the industry for the last 8 years. In the meantime, I'll enjoy all the whining and lamenting on Linkedin from your former employees. "Oh, the wonderful journey we've been on" ? You've all been on a wonderful journey with your heads up your _ss, not having any idea this was going to happen
 






anonymous said:
at the end of the day, you gave away testing at below cost of goods, and hired way to many people. It's simple math, thanks for ruining the industry for the last 8 years. In the meantime, I'll enjoy all the whining and lamenting on Linkedin from your former employees. "Oh, the wonderful journey we've been on" ? You've all been on a wonderful journey with your heads up your _ss, not having any idea this was going to happen
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^^what a disgusting troll. Bitter much.
 












Quote from one Invitae employee:

"This is an especially hard week at Invitae, as the company has made the incredibly difficult decision to operationally realign the business due to changing market conditions. Regrettably, a significant number of my talented teammates have been impacted in this process. Saying goodbye to so many dedicated, hardworking colleagues and friends is heartbreaking. Any one of them would be an incredible addition to your team. If you are hiring, I would encourage you to search for those that have worked at Invitae and who have activated the Open To Work banner on their LinkedIn profile."

Didn't realize that consistently losing $200 million per year was a changing market condition. Talk about denial, you folks need to get your heads out of your _sses
 






anonymous said:
Quote from one Invitae employee:

"This is an especially hard week at Invitae, as the company has made the incredibly difficult decision to operationally realign the business due to changing market conditions. Regrettably, a significant number of my talented teammates have been impacted in this process. Saying goodbye to so many dedicated, hardworking colleagues and friends is heartbreaking. Any one of them would be an incredible addition to your team. If you are hiring, I would encourage you to search for those that have worked at Invitae and who have activated the Open To Work banner on their LinkedIn profile."

Didn't realize that consistently losing $200 million per year was a changing market condition. Talk about denial, you folks need to get your heads out of your _sses
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Have a heart...if you're in this space...which I would guess you probably are, otherwise why are you lurking on this board?...Don't throw stones my friend.....you are probably next.
 












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